Demand off – That is a credit card financial debt or mortgage which happens to be published off as currently being uncollectible from the borrower. This from time to time is the case when the mortgage continues to be marketed or supplied the financial debt to some collection company. This personal debt continues to be collectable.
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Secured financial loan – It is a bank loan the place the borrower will pledge his asset like a vehicle or property that will be bought if he is unable to spend back the loan.
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